Change of ownership at Leicester City
Leicester City has announced that King Power International (KPI) has taken direct ownership of the football club from Asia Football Investments (AFI).
KPI is owned by the Raksriaksorn family and is the parent and holding company of King Power Group.
Before the announcement, Leicester City had been wholly owned by the Raksriaksorn Family through Asia Football Investments (AFI).
The club website said there will be no change in the board or management of the football club and the takeover has been fully approved by the Football League.
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Leicester City vice-chairman Aiyawatt Raksriaksorn said: “This is all part of our plan to fund and deliver a programme of long-term, sustainable success for the football club. We are delighted to bring Leicester City directly under the ownership of King Power International, where it will be established as a core part of the group’s overall interests.
“The last two years have been an incredible experience and we firmly believe we have the key elements in place, both on and off the pitch, to take Leicester City back to the Premier League.”